Answer:
Examples – Now let’s solve a few compound interest problems.
Example 1: If you deposit $4000 into an account paying 6% annual interest compounded quarterly, how
much money will be in the account after 5 years?
Plug in the giving information, P = 4000, r = 0.06, n = 4,
and t = 5.
Use the order or operations to simplify the problem. If the
problem has decimals, keep as many decimals as possible
until the final step.
FV = 5387.42 Round your final answer toxam two decimals places.
After 5 years there will be $5387.42 in the account.
n t
r FV P 1
n
Ê ˆ = + Á ˜ Ë ¯
4(5) 0.06 FV 4000 1
4
Ê ˆ = + Á ˜ Ë ¯
20 FV 4000(1.015)
FV 4000(1.346
Step-by-step explanation:
examples lang kaya ko
